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Federal Register / Vol. 72, No.

239 / Thursday, December 13, 2007 / Notices 70933

Convenience and Necessity, to operate operate the lines for a period of 10 years Internal Revenue Service (IRS)
segments of rail lines owned by the beginning January 6, 2008, and OMB Number: 1545–XXXX.
Commonwealth of Massachusetts, acting extending to December 31, 2017. The Type of Review: New Collection.
by and through the Massachusetts agreement provides for three extension Title: RP–2007–XX (RP–155430–05),
Executive Office of Transportation and terms of 5 years each pursuant to Accelerated Appeals Procedure.
Public Works (EOTPW). The segments written mutual agreement. Description: This revenue procedure
over which rail service will be The rail segments qualify for a establishes the Accelerated Appeals
performed are as follows: (1) Buzzards modified certificate of public Procedure for taxpayers who are issued
Bay Secondary, extending from convenience and necessity. See a proposed assessment of penalty under
Middleboro, MA (milepost 1.5), to Common Carrier Status of States, State section 6707 of 6707A of the Internal
Buzzards Bay, MA (milepost 19.9), a Agencies and Instrumentalities and Revenue Code. These taxpayers may
distance of approximately 18.4 miles; Political Subdivisions, Finance Docket request that the Office of Appeals
(2) Hyannis Secondary, extending from No. 28990F (ICC served July 16, 1981). review and consider resolution of the
Bourne, MA (milepost 0.0), to Hyannis, MC states that no subsidy is involved proposed assessment. The information
MA (milepost 24.3), a distance of and that there are no preconditions for to be collected under the revenue
approximately 24.3 miles; (3) South shippers to meet in order to receive rail procedure is needed to initiate, and will
Dennis Secondary, extending from service. be used to conduct, the Accelerated
Yarmouth Junction, MA (milepost 0.0), This notice will be served on the Appeals Procedure.
to Station Avenue in Yarmouth Association of American Railroads (Car Respondents: Individuals or
(milepost 2.81), a distance of Service Division) as agent for all Households.
approximately 2.8 miles; (4) Falmouth railroads subscribing to the car-service Estimated Total Burden Hours: 430
Secondary, extending from Bourne and car-hire agreement: Association of hours.
(milepost 0.0) to Falmouth, MA American Railroads, 50 F Street, NW., OMB Number: 1545–1360.
(milepost 6.8), a distance of Washington, DC 20001; and on the Type of Review: Extension.
approximately 6.8 miles; (5) Watuppa American Short Line and Regional Title: PS–102–88 (Final) Income, Gift
Branch, extending from milepost 6.0 Railroad Association: American Short and Estate Tax.
west of North Dartmouth, MA, to Line and Regional Railroad Association, Description: The regulation provides
Westport, MA (milepost 10.66), a 50 F Street, NW., Suite 7020, guidance to individuals or fiduciaries:
distance of approximately 4.7 miles; and Washington, DC 20001. 1) For making a qualified domestic trust
(6) Dean Street Industrial Track, Board decisions and notices are election on the estate tax return of a
between mileposts 0.0 and 1.5, in available on our Web site at decedent whose surviving spouse is not
Taunton, MA, a distance of WWW.STB.DOT.GOV. a United States citizen in order that the
approximately 1.5 miles. The lines will estate may obtain the marital deduction,
connect at Middleboro and Taunton Decided: December 5, 2007.
and 2) for filing the annual returns that
with CSX Transportation, Inc. (CSXT), By the Board, David M. Konschnik,
such an election may require.
and at milepost 6.0 west of North Director, Office of Proceedings.
Respondents: Individuals or
Dartmouth with Bay Colony Railroad Vernon A. Williams, Households.
Corporation (Bay Colony).3 Secretary. Estimated Total Burden Hours: 6,150
The involved lines were abandoned [FR Doc. E7–23926 Filed 12–12–07; 8:45 am] hours.
pursuant to Section 304 of the Regional BILLING CODE 4915–01–P OMB Number: 1545–1629.
Rail Reorganization Act of 1973 (45 Type of Review: Extension.
U.S.C. 744) and were acquired by the Title: Paid Preparer’s Earned Income
Commonwealth of Massachusetts from Credit Checklist.
the estate of the Penn Central DEPARTMENT OF THE TREASURY Form: 8867.
Transportation Company. The Interstate Description: Form 8867 helps
Commerce Commission issued modified Submission for OMB Review; preparers meet the due diligence
rail certificates to Bay Colony for Comment Request requirements of Code section 6695(g),
operation of the involved lines and December 7, 2007. which was added by section 1085(a)(2)
certain other lines. See Bay Colony of the Taxpayer Relief Act of 1997. Paid
Railroad Corporation—Modified Rail The Department of Treasury will
preparers of Federal income tax returns
Certificate, Finance Docket No. 29963 submit the following public information
or claims for refund involving the
(ICC served June 29, 1982 and Sept. 24, collection requirement(s) to OMB for
earned income credit (EIC) must meet
1987). review and clearance under the
the due diligence requirements in
Pursuant to an agreement, MC and Paperwork Reduction Act of 1995,
determining if the taxpayer is eligible
EOTPW have agreed that MC will Public Law 104–13 on or after the date
for the EIC and the amount of the credit.
of publication of this notice. Copies of
Failure to do so could result in a $100
3 As a result of a response filed on November 20, the submission(s) may be obtained by
penalty for each failure. Completion of
2007 by Bay Colony, MC filed an amendment to the calling the Treasury Bureau Clearance
notice on November 29, 2007, requesting that the Form 8867 is one of the due diligency
Officer listed. Comments regarding this
Board correct that part concerning MC’s requirements.
information collection should be
connections, as set forth here. Changes to the Respondents: Businesses and other
Watuppa segment description (segment (5)) have addressed to the OMB reviewer listed
also been made as a result of the November 20 and and to the Treasury Department Estimated Total Burden Hours:
29 filings. Clearance Officer, Department of the
MC adds that it is currently developing a 14,979,521 hours.
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Treasury, Room 11000, 1750 OMB Number: 1545–1889.

proposed trackage rights arrangement with Bay
Colony whereby MC would be able to operate over Pennsylvania Avenue, NW., Type of Review: Extension.
Bay Colony’s trackage between the MC/Bay Colony Washington, DC 20220. Title: Notice 2004–59, Plan
connection at milepost 6.0 and the Bay Colony/
DATES: Written comments should be Amendments Following Election of
CSXT connection at milepost 0.08. If and when
such an arrangement is reached, MC states that it received on or before January 14, 2008 Alternative Deficit Reduction
will make the required Board filings. to be assured of consideration. Contribution.

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70934 Federal Register / Vol. 72, No. 239 / Thursday, December 13, 2007 / Notices

Description: This notice sets forth Respondents: Businesses or other for- Treasury, Room 11000, 1750
answers to certain questions raised by profit institutions. Pennsylvania Avenue, NW.,
the public when there is an amendment Estimated Total Burden Hours: 3,720 Washington, DC 20220.
to an election to take advantage of the hours. DATES: Written comments should be
alternative deficit reduction OMB Number: 1545–1639. received on or before January 14, 2008
contribution described in Public Law Type of Review: Extension. to be assured of consideration.
108–218. Title: REG–106012–98 (Final) SUPPLEMENTARY INFORMATION:
Respondents: Businesses and other Definition of Contribution in Aid of
for-profit institutions. Construction under section 118(c). PRA Approval of Forms Used by
Estimated Total Burden Hours: 400 Description: The regulations provide Individual Taxpayers
hours. guidance with respect to Sec. 118(c), Under the PRA, OMB assigns a
OMB Number: 1545–1898. which provides that a contribution in control number to each ‘‘collection of
Type of Review: Extension. aid of construction received by a information’’ that it reviews and
Title: Revenue Procedure 2004–47, regulated public water or sewage utility approves for use by an agency. The PRA
Relief From Ruling Process For Making is treated as a contribution to the capital also requires agencies to estimate the
Late Reverse QTIP Election. of the utility and excluded from gross burden for each collection of
Description: This revenue procedure income. information. Accordingly, each OMB
provides alternative relief for taxpayers Respondents: Businesses or other for- Control Number has an associated
who failed to make a reverse QTIP profit institutions. burden estimate. The burden estimates
election on an estate tax return. Instead Estimated Total Burden Hours: 300 for each control number are displayed
of requesting a private letter ruling and hours. in (1) the PRA notices that accompany
paying the accompanying user fee the Clearance Officer: Glenn P. Kirkland, collections of information, (2) Federal
taxpayer may file certain documents (202) 622–3428, Internal Revenue Register notices such as this one, and
with the Cincinnati Service Center Service, Room 6516, 1111 Constitution (3) in OMB’s database of approved
directly to request relief. Avenue, NW., Washington, DC 20224. information collections.
Respondents: Individuals or OMB Reviewer: Alexander T. Hunt, The Individual Taxpayer Burden
households. (202) 395–7316, Office of Management Model (ITBM) estimates the levels of
Estimated Total Burden Hours: 54 and Budget, Room 10235, New burden experienced by individual
hours. Executive Office Building, Washington, taxpayers when complying with the
OMB Number: 1545–1891. DC 20503. Federal tax laws. This model reflects
Type of Review: Revision. major changes over the past two decades
Title: Form 13560, HCTC Health Plan Robert Dahl,
in the way taxpayers prepare and file
Administrator (HPA) Return of Funds Treasury PRA Clearance Officer.
their returns; more than 85 percent of all
Form. [FR Doc. E7–24143 Filed 12–12–07; 8:45 am]
individual tax returns are prepared
Form: 13560. BILLING CODE 4830–01–P
utilizing computer software, either by
Description: Form 13560 is completed the taxpayer or a paid provider, and less
by Health Plan Administrators (HPAs) than 15 are prepared manually. The
and accompanies a return of funds in DEPARTMENT OF THE TREASURY
ITBM’s approach to measuring burden
order to ensure proper handling. This focuses on the characteristics and
form serves as supporting Submission for OMB Review;
Comment Request; Proposed Revision activities of individual taxpayers rather
documentations for any funds returned than the forms they use. Key
by an HPA and clarifies where the to Collection; Comment Request for
Form 1040 and Schedules A, B, C, C– determinants of taxpayer burden in the
payment should be applied and why it model are the way the taxpayer prepares
is being sent. EZ, D, D–1, E, EIC, F, H, J, R, and SE,
Form 1040A and Schedules 1, 2, and 3, the return, e.g. with software or paid
Respondents: State, Local or Tribal preparer, and the taxpayer’s activities,
Governments. and Form 1040EZ, and All Attachments
to These Forms e.g. recordkeeping and tax planning.
Estimated Total Burden Hours: 50 Burden is defined as the time and out-
hours. December 7, 2007. of-pocket costs incurred by taxpayers to
OMB Number: 1545–1631. AGENCY: Internal Revenue Service (IRS), comply with the Federal tax system.
Type of Review: Extension. Treasury. The time expended and the out-of-
Title: REG–209619–93 (Final) Escrow ACTION: Notice and request for pocket costs are estimated separately.
Funds and Other Similar Funds. comments. The methodology distinguishes among
Description: Section 468B(g) requires preparation methods, taxpayer
that income earned on escrow accounts, SUMMARY: The Department of the activities, types of individual taxpayer,
settlement funds, and similar funds be Treasury will submit the following filing methods, and income levels.
subject to current taxation. This section public information collection Indicators of complexity in tax laws
authorizes the Secretary to issue requirement(s) to OMB for review and as reflected in tax forms and
regulations providing for the current clearance under the Paperwork instructions are incorporated in the
taxation of these accounts and funds as Reduction Act of 1995, Public Law 104– model. The preparation methods are:
grantor trusts or otherwise. The 13 on or after the date of publication of • Self-prepared without software.
proposed regulations would amend the this notice. Copies of the submission(s) • Self-prepared with software.
final regulations for qualified settlement may be obtained by calling the Treasury • Used a paid preparer.
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funds (QFSs) and would provide new Bureau Clearance Officer listed. The types of taxpayer activities
rules for qualified escrows and qualified Comments regarding this information measured in the model are:
trusts used in deferred section 1031 collection should be addressed to the • Recordkeeping.
exchanges; pre-closing escrows; OMB reviewer listed at the end of this • Form completion.
contingent at-closing escrows; and notice, and to the Treasury Department • Form submission (electronic and
disputed ownership funds. Clearance Officer, Department of the paper).

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